Residential property prices have dropped by 14.3% in the year to September, compared to a decline of 13.9% in the year to August.

According to Central Statistics Office figures released today residential property prices fell by 1.5% in the month of September.

House prices in Dublin are 49% lower than at their highest level in early 2007.

Apartments in Dublin are 59% lower than they were in February 2007.

In Dublin residential property prices fell by 2.1% in September and were 15.6% lower than a year ago.

Dublin house prices decreased by 1.7% in the month and were 15.3% lower, compared to a year earlier.

Dublin apartment prices fell by 4.8% in the month of September and were 19.3% lower when compared with the same month of 2010.

The price of residential properties in the rest of Ireland fell by 1% in September.

A similar rate of decline was recorded in September last year.

Prices were 13.2% lower than in September 2010.